The Ensign Peak Advisors controversy centers on the Church of Jesus Christ of Latter-day Saints, or rather the Corporation of the President of the Church of Jesus Christ of Latter-day Saints, doing business as The Church of Jesus Christ of Latter-day Saints, using a tax-exempt investment fund to manage hundreds of billions of dollars derived …
Tag Archives: City Creek Mall
Facts vs Beliefs – No Limit At All On What Church Is Required To Teach Or Not Teach
The LDS Church Corporation is currently involved in many many lawsuits. One such is a RICO case, where the church is being accused of behavior more similar to an organized crime network, like the mafia, than a religious institution. What is RICO? A RICO case refers to charges brought under the Racketeer Influenced and Corrupt …
Donated Tithing Funds vs Earnings on Invested Tithing
The church repeatedly states that no tithing money is used for its business purposes, like funding the City Creek Center or bailout money for church-owned insurance company, Beneficial Life. The church is surprisingly secretive about finances and has not publicly disclosed any financial statements in the United States since 1959, that’s 65 years and counting. The …
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Let’s Go Shopping – City Creek Center and Tithing
City Creek Center is a large, upscale shopping center in downtown Salt Lake City, Utah, that opened in 2012. It spans over 20 acres and features retail stores, restaurants, office spaces, and residential units. The development is notable for its retractable glass roof, pedestrian sky bridge, and an artificial creek running through the property, making …
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The Mormon-Canadian-BYU Billion Dollar Tithing Funnel
![The church is taking away the government's ability to fund health care, and education, and provide other essential services. They've done it at the expense of taxpayer dollars. There's definitely been a change in [my] perspective. The church teaches that the temple should always be a focal point in your life. The temple has become a physical reminder of greed for me. - Nigel Kennet, a Canadian accountant, was working on the books of a church of a different faith, when he saw how much their members gave to charity. So, he looked into the Mormon's books, and was stunned by where their donations were going. - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Nigel-Kennet-church-taking-away-government-ability-to-fund-essential-services-temple-has-become-a-reminder-of-greed.jpg?fit=1200%2C1200&ssl=1)
Investigation reveals more than $1 billion raised by the Mormon church in Canada has been funneled to the U.S. rather than going to charitable works in this country. We hear from former members in Canada and elsewhere who say concerns about how money is spent have led them to leave the church. – The Fifth …
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LDS Giving Machines: Charitable Fascade GasLighting The World
The Giving Machines are a charitable initiative by The Church of Jesus Christ of Latter-day Saints. Giving Machines are vending machines that allow people to “purchase” items such as food, clothing, and hygiene products, which are donated directly to those in need through other charities. People can select specific items from the machine, pay for …
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How Much Are Mormon Church Leaders Compensated?
The church makes a big deal about having no paid clergy. They proclaim that the church is led by a lay ministry of volunteers and no one is compensated for their work or service in the church. Church Led by Volunteer Service The missionaries are taught this fact, and all the missionaries are required to …
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Will God Permit Church President to Lead Mormons Astray?
There is a common refrain among Mormons, the leadership and membership of the Church of Jesus Christ of Latter-day Saints. This sentiment is that the church leaders are incapable of leading the church astray. It’s not even that they wouldn’t lead the church astray, it’s more the Lord won’t permit them to. If they tried …
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60 Minutes Transcript: Whistleblower David Nielsen Speaks Out After Reporting the Mormon Church to IRS in 2019
The show 60 Minutes broadcast a segment about the Mormon Billions. Sharyn Alfonsi follows up with whistleblower David Nielsen who resigned from his position at Ensign Peak Advisors and wrote the whistleblower report in 2019. Since then, the Mormon church has been fined 5 million dollars by the SEC for illegal filing practices, but Nielsen …
Mixing Tithing Funds and Investments Maybe Legal But Doesn’t Mean Its Right
James Huntsman filed a lawsuit in 2021 against the church claiming that he was duped into believing that his tithing contributions were going to charitable work, while in fact, they are used to pad the coffers of the church investment accounts. He filed the fraud complaint against the church and states that “this is not …
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Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund”
David Nielsen, a former Ensign Peak portfolio manager, shared with his twin brother Lars about the shady practices and massive amounts of money the Mormon church, or the Church of Jesus Christ of Latter-day Saints have in investments. Together the brothers compiled information and reported it to the authorities at the SEC (Securities Exchange Commission) …
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